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Altruism as a motive for intergenerational transfers

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  • Hiroshi Fujiu
  • Makoto Yano

Abstract

This study investigates the role of altruism as a motive for transfer payments. In the existing literature on altruism, it is generally assumed that a transfer payment is made out of altruism that a transferor feels towards a transferee. This study demonstrates that this is not necessarily the case. By using a dynamic model in which children are altruistic towards parents, it demonstrates that such altruism may induce a parent to give a transfer to children.

Suggested Citation

  • Hiroshi Fujiu & Makoto Yano, 2008. "Altruism as a motive for intergenerational transfers," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(1), pages 95-114, March.
    • Handle: RePEc:bla:ijethy:v:4:y:2008:i:1:p:95-114
    DOI: 10.1111/j.1742-7363.2007.00070.x
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    Cited by:

    1. Ting Yin & Junchao Zhang, 2022. "More Schooling, More Generous? Estimating the Effect of Education on Intergenerational Transfers†," Asian Economic Journal, East Asian Economic Association, vol. 36(1), pages 22-46, March.
    2. YIN Ting & ZHANG Junchao, 2017. "More Schooling, More Generous? Estimating the effect of education on intergenerational transfers," Discussion papers 17074, Research Institute of Economy, Trade and Industry (RIETI).
    3. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
    4. Hiroshi Fujiu, 2021. "Business Cycles in a Two-Sided Altruism Model," Mathematics, MDPI, vol. 9(17), pages 1-12, August.

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